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Sunland Co. accumulates the following data concerning a mixed cost, using miles as the activity level.
Miles Driven Total Cost
January
11,600 $24,740
February
9,600
20,660
March
10,600
22.240
April
8,600
20,000
Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.)
Variable cost
$
per mile
Fixed cost
$